As you work through your divorce, you face countless decisions about dividing property and assets. The process is stressful enough without worrying about tax implications. However, overlooking tax issues can create unexpected costs later on. Knowing what to watch for...
You notice your spouse spending money recklessly as your marriage falls apart. Large withdrawals appear on bank statements for unexplained purposes. Expensive purchases show up that serve no family need. This behavior might qualify as wasteful dissipation, which Ohio...
Property division can be a complex process. It can also be intimidating, as you want to protect what you want to keep. However, not all assets are worth fighting for. Refreshing the equitable distribution principle Ohio follows equitable distribution and ensures equal...
If you share a business with your spouse – and you and your spouse are going your separate ways – you may be understandably concerned that the company you built is, effectively, on the line. Many spouses fear that divorce automatically means that they will be...
Property division can be a complex process, as the courts divide all marital assets equitably. However, matters become more complicated once you factor in your inheritance. What will happen to your inherited property during a divorce? Answering this question depends...
Spouses preparing for divorce usually have questions about the process. Many people have heard stories of people facing unfair divorce outcomes or watched movies that dramatized divorce proceedings. As a result, people sometimes approach the divorce process with...
Divorce is a legal process that addresses very personal issues. Specifically, spouses who have come to realize that their marriage is not sustainable ask the courts to officially dissolve their connection to one another. That process usually involves financial...
The more successful a professional becomes and the more complex their income is, the more chances a vindictive spouse has to accuse them of hiding assets. Such accusations can complicate a divorce and could potentially result in economic penalties for the spouse...
Some Ohio divorce processes are very simple. Spouses may only own a few shared resources and may have a very easy time negotiating property division terms. Other times, couples preparing for divorce have complex marital estates. Resources ranging from executive...
Broadly speaking, when spouses divorce, each individual retains whatever property has been classified as “separate,” and both spouses either negotiate or litigate the division of “marital” or “shared” property. Most of the time, property owned by individuals before...
